Democrat pledges to stop fracking would destroy th US economy and have a rippling effect through all sectors
Daniel Sobieski:
When Democrats talk about turning Texas blue it would strangle a robust economy and not only throw millions of people out of work but lead to a rousing recession also as people defaulted on mortgages and home prices plummeted. They also would attack the ranching business by trying to stop the consumption of red meat. In short, the Democrat agenda would reduce the supply of oil and gas and make people more dependent on unreliable alternative energy. California is a preview of the Democrat economy where gas prices are twice as high and blackouts have become common.
There is more.With Quid Pro Joe Biden's confession to using U.S. resources to pressure a foreign government to benefit his son, maybe in the next Democrat debate, one of the questions will be why, if fossil fuels are evil, the Democrats are committed to ending their use, and we have a decade or so to live before we freeze our hoohahs to death, it was okay for Hunter Biden to sit on the board of Burisma, a Ukrainian natural gas holding company. Seems Hunter had his very own greenback new deal.As President Trump's speech at the Shale Insight Conference in Pittsburgh, Pennsylvania on Wednesday noted, Joe Biden's mythical claim that Trump inherited a booming economy from President Obama falls flat in the face of the reality that this is Trump's economy, fueled by deregulation, tax cuts, cutting of EPA shackles, and a booming energy industry allowed to use the latest technology to free a seemingly endless supply of oil and natural gas from the earth under our feet. The conference was staged by some very appreciative energy groups such as the Marcellus Shale Coalition, the Ohio Oil and Gas Association, and the West Virginia Oil and Natural Gas Association.This energy abundance has put downward pressure on energy costs for consumers and industry and made us energy independent and immune from Middle East instability, quite possibly preventing a global oil recession or major war with the likes of a belligerent and aggressive Iran.While noting that he has opened up ANWR in Alaska for exploration and development, exited the job-killing and economy-choking Paris Climate Accord, and green-lighted the Keystone XL and Dakota Access pipelines, Trump pointed out the economic benefits shale development in general and the Marcellus shale formation stretching beneath Pennsylvania in particular as most significant, noting that the Dems have promised to ban fracking of shale rock to release the vast quantities of oil and natural gas within. Trump warned that the Democrats want to take away our energy as well as our guns and that the current prosperity spawned by shale and facking could end. As noted by David Lenery at The Center Square:"A thriving energy industry ... [is] an enormous benefit to citizens all across our country, all across our land," Trump said. "According to the Council of Economic Advisers, who cannot even believe the numbers and the success that we're having, the astonishing increase in production made possible by shale, and the shale revolution, saves Americans $203 billion every year, or $2,500 for a family of four in lower electric bills, lower prices, and at the gas pump.""Many politicians in our country are targeting your industry and your jobs for literally total destruction," he told the shale industry workers assembled at the conference. "Whether you like it or not, that's where they're going. ... Virtually every leading Democrat is pledged to entirely eliminate fossil fuels, wiping out American production of oil and coal and natural gas, and by the way, jobs. These Democrat plans would obliterate millions of American jobs, devastating communities across Pennsylvania, and bankrupting families all across our nation."Leading that pack of Dark Age advocates is Sen. Elizabeth Warren. In contrast, David Spigelmyer, president of the Marcellus Shale Association, noted on Fox and Friends the success of Trump's unleashing American energy:Spigelmyer said not long ago, the United States was "60 percent dependent on foreign sources of energy. Today, the country is "awash in natural gas" and moving toward energy independence."It was an honor to have the president here in Pittsburgh again to talk about now an area that's supplying a third of the nation's natural gas supply," he said, lamenting Sen. Elizabeth Warren's pledge to ban fracking if she is elected president in 2020.Be afraid; be very afraid. According to a 2016 report from the U.S. Chamber of Commerce, the economy would suffer dramatically if lawmakers banned fracking.......
When Democrats talk about turning Texas blue it would strangle a robust economy and not only throw millions of people out of work but lead to a rousing recession also as people defaulted on mortgages and home prices plummeted. They also would attack the ranching business by trying to stop the consumption of red meat. In short, the Democrat agenda would reduce the supply of oil and gas and make people more dependent on unreliable alternative energy. California is a preview of the Democrat economy where gas prices are twice as high and blackouts have become common.
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